The FAS proposed a new definition of inflated prices in stores

The Federal Antimonopoly Service (FAS) proposed defining the unreasonable cost of goods in a new way. The bill, as adjusted by the service, states that the price of a product will be considered unreasonable if for 60 consecutive days it rises by more than five percent of inflation without appropriate economic reasons. RBC writes about this.

“The price of a product is considered not economically justified if within 60 days it has increased by more than 5% of the consumer price index (December to December) for the corresponding year,” the document notes.

Economic reasons include seasonal factors, distinct changes in the level of demand, changes in the cost of raw materials and components, as well as changes in regulated tariffs.

Earlier, Andrei Sirotkin, a senior lecturer at the Department of Banking at Synergy University, warned that bank deposits are not able to cover real inflation, and for this reason it is impossible to make money on them. More about this read the material Public News Service.

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